Welcome back to “Top 5 Cryptocurrency Movers” where I look at all the major crypto coins on the market and pick five that made the biggest move (either positive or negative) on the day. I explain the historical significance of the coin and why I believe the move happened. Here are my top five cryptocurrency movers for December 20, 2020:
#5: Bitcoin Cash (BCH) ($356.12, +12.15%)
Originally introduced as a fork of Bitcoin in 2017, BCH is going strong on the back of Bitcoin reaching a recent all-time high. Bitcoin Cash is recommended by many over Bitcoin because of the ability of BCH to allow larger blocks in the blockchain, allowing more transactions per second. A few days ago, crypto enthusiast Kim Dotcom also publicly called for Bitcoin Cash to reach $3000 by next year.
#4: Zilliqa (ZIL) ($0.0467, -5.99%)
After a strong showing yesterday that saw Zilliqa rise over 20%, ZIL gave up a portion of the gains, falling about 6% in the last 24 hours. Zilliqa still has a great future and investors are still bullish on the crypto coin, as the public blockchain platform continues to expand, announcing recent partnerships with KUCOIN and Binance.
#3: The Graph (GRT) ($0.7499, +83.72%)
GRT is the newest cryptocurrency on the market, making its debut on December 17, less than three days ago and has already made a huge impact, being listed on all the major exchanges. For those unfamiliar, The Graph helps to build decentralized apps on Ethereum using GraphQL and makes blockchain data simpler. Since being listed at 12 cents, the price has grown over 500%.
#2: Waves (WAVES) ($7.35, -5.60%)
One of the few crypto coins that are in the red this week is Waves. The cryptocurrency model allows other users to create their own custom token, which can then be used for loyalty programs, in-app currency, and ICO founding. Despite falling this week 13.4%, the crypto coin is up a staggering 724.6% this year.
#1: Dogecoin (DOGE) ($0.0045, +13.94%)
All it took was one tweet by Elon Musk nine hours ago to send Dogecoin up more than 10%. Calling himself the former CEO of Dogecoin, Musk tweeted the phrase: “One word: Doge” leading to many followers to purchase the cryptocurrency. DOGE was originally created as a joke currency in 2013 but has grown a following, due to memes and is a peer-to-peer, open-source currency.
Just a note, these prices are as of 2:00 PM EST/11:00 AM PST every day, and might not reflect the current price of the coin at time of viewing the post.
